Rock vs. hard place vs. immovable object

Rock, meet hard place. Hard place, meet rock. Rock, over here is known as “the economy.” Hard place, on the other side, can be described as “our energy situation.” Because while green shoots might look awfully good to a lot of people who are desperate to have the economy go back to what it was, we should remind ourselves that “what it was” involved awfully high energy prices.

Peak oil = peak demand?

People concerned with the economic problems attending peak oil—myself included—have labored under the mistaken assumption that winning an argument with CERA about the world’s upstream exploration & production prospects matters. I don’t think it matters at all, at least not as far as CERA and the Powers That Be are concerned. If CERA is making money and telling a good story, and they are, they are winning as far as IHS is concerned. The peak demand story maintains the status quo, so everybody in our Nation’s Capital is happy too. Win-win.